UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

September 2025

Gross rental yield by English local authority.

gross yield % = (average monthly rent × 12) ÷ average house price × 100

Retrospective edition. Retrospective editions are computed from the latest published data for each period — not the data as it stood at the time. ONS and HM Land Registry revise their figures, so a retrospective edition is not what would have been published then. Retrospective editions therefore carry no revision flags; revision tracking begins with the first live edition.
294Local authorities covered
4.30Median gross yield %
Newcastle upon Tyne — 6.74%Highest gross yield
Derbyshire Dales — 2.54%Lowest gross yield
0Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,131 / £201,4506.74%
  2. 2Portsmouth£1,335 / £246,7676.49%
  3. 3Manchester£1,319 / £250,6316.32%
  4. 4Southampton£1,216 / £233,8656.24%
  5. 5Nottingham£998 / £193,5946.19%
  6. 6Blackpool£675 / £131,6766.15%
  7. 7Bristol, City of£1,791 / £351,3806.12%
  8. 8Gateshead£764 / £151,8626.04%
  9. 9Lincoln£911 / £182,4325.99%
  10. 10Salford£1,137 / £229,3095.95%

Lowest gross yields

  1. 285South Hams£985 / £362,9773.26%
  2. 286Uttlesford£1,283 / £471,6423.26%
  3. 287Cotswold£1,188 / £439,4843.24%
  4. 288East Devon£916 / £343,9943.20%
  5. 289Kensington and Chelsea£3,629 / £1,367,1583.19%
  6. 290Waverley£1,479 / £562,2953.16%
  7. 291Malvern Hills£892 / £341,2913.14%
  8. 292Melton£759 / £290,6623.13%
  9. 293Elmbridge£1,836 / £731,0483.01%
  10. 294Derbyshire Dales£752 / £355,6912.54%

thin = latest published monthly sales volume is below this index's suppression threshold — read with caution, and do not compare directly against high-volume areas (see Methodology).

Headline rankings (the highest and lowest tables) exclude local authorities flagged thin (low monthly sales volume); those areas appear in the full table below, flagged. A sort of the full table or CSV will therefore not reproduce the headline lists.

Full ranked table — every included local authority

RankLocal authorityGross yield %Avg monthly rentAvg priceSales volume
1Newcastle upon Tyne6.74£1,131£201,450252
2Portsmouth6.49£1,335£246,767236
3Manchester6.32£1,319£250,631404
4Southampton6.24£1,216£233,865233
5Nottingham6.19£998£193,594257
6Blackpool6.15£675£131,676179
7Bristol, City of6.12£1,791£351,380514
8Gateshead6.04£764£151,862201
9Lincoln5.99£911£182,432102
10Salford5.95£1,137£229,309260
11Kingston upon Hull, City of5.94£647£130,608213
12Norwich5.93£1,139£230,476163
13Sunderland5.89£682£138,892211
14Middlesbrough5.83£673£138,604136
15Liverpool5.78£869£180,439350
16Gosport5.75£1,130£235,79197
17Harlow5.74£1,467£306,50488
18Burnley5.66£614£130,267110
19Hyndburn5.62£627£133,77585
20Barking and Dagenham5.59£1,659£356,255110
21Tower Hamlets5.58£2,372£510,515210
22Birmingham5.50£1,070£233,473710
23County Durham5.48£615£134,572582
24Newham5.48£1,875£410,559179
25Coventry5.43£999£220,753319
26Leeds5.42£1,098£243,219818
27Exeter5.41£1,316£292,170108
28Plymouth5.40£966£214,735301
29Stoke-on-Trent5.40£684£152,012265
30Gloucester5.39£1,050£233,851140
31Slough5.39£1,531£340,84973
32Eastbourne5.38£1,152£256,925129
33Pendle5.37£633£141,337111
34South Tyneside5.37£695£155,274135
35Stevenage5.32£1,381£311,67876
36Reading5.30£1,562£353,771149
37Watford5.30£1,797£406,62084
38Brighton and Hove5.25£1,830£418,501285
39Crawley5.23£1,448£331,96597
40Bournemouth, Christchurch and Poole5.22£1,369£314,595467
41Ipswich5.17£958£222,246113
42Hartlepool5.16£555£129,098118
43Leicester5.16£1,011£235,252204
44North East Lincolnshire5.16£605£140,829230
45Lambeth5.15£2,454£571,757259
46St. Helens5.14£759£177,236177
47Sandwell5.11£888£208,634184
48Worthing5.11£1,307£306,86997
49Blackburn with Darwen5.10£688£162,002142
50Tameside5.09£890£209,798229
51Stockton-on-Tees5.08£712£168,349216
52Dartford5.07£1,531£362,369141
53Redcar and Cleveland5.06£636£150,695165
54South Gloucestershire5.06£1,406£333,314308
55Boston5.05£784£186,30885
56Bath and North East Somerset5.02£1,761£421,016220
57Bolton5.01£822£196,739297
58Darlington5.00£651£156,336156
59Sheffield5.00£899£215,881492
60Luton4.98£1,187£285,829150
61Sefton4.97£895£216,276259
62Ashfield4.96£761£184,203140
63Rossendale4.93£785£191,03485
64Rushmoor4.93£1,334£324,540114
65Medway4.92£1,216£296,425299
66Swindon4.92£1,050£256,183274
67Derby4.91£832£203,446267
68Hastings4.90£991£242,868112
69Knowsley4.89£775£190,227159
70Peterborough4.89£967£237,443160
71Bury4.87£963£237,499183
72Milton Keynes4.87£1,294£319,143259
73Walsall4.87£850£209,504205
74Preston4.85£749£185,270144
75Thurrock4.85£1,320£326,416169
76Wolverhampton4.85£857£212,206154
77North Tyneside4.83£808£200,625235
78Greenwich4.82£1,884£469,414189
79Hackney4.80£2,567£641,865184
80Bradford4.79£727£182,081615
81Broxbourne4.79£1,635£409,54096
82Doncaster4.79£664£166,420355
83Colchester4.78£1,180£295,971206
84Mansfield4.78£755£189,563119
85Oldham4.78£840£210,940198
86Tamworth4.78£926£232,609103
87Lancaster4.75£778£196,449165
88Nuneaton and Bedworth4.75£900£227,136142
89Thanet4.75£1,082£273,312160
90Southwark4.74£2,345£593,629241
91Calderdale4.73£737£186,887285
92Torbay4.71£891£226,978153
93Wakefield4.69£765£195,769367
94Southend-on-Sea4.66£1,252£322,670215
95Newcastle-under-Lyme4.65£781£201,449167
96North Somerset4.65£1,176£303,591262
97Oadby and Wigston4.65£1,000£257,85757
98Rochdale4.65£790£203,928207
99Cumberland4.63£641£166,274373
100Croydon4.62£1,534£398,196339
101Islington4.62£2,705£702,659169
102Tendring4.62£1,020£264,928209
103Eastleigh4.61£1,175£305,742179
104Swale4.60£1,115£291,056171
105West Suffolk4.60£1,141£297,621222
106Oxford4.58£1,911£501,055132
107Barnsley4.56£650£171,165261
108Gravesham4.52£1,281£340,241124
109Wirral4.51£808£215,121398
110Bolsover4.50£682£181,90187
111Fenland4.50£814£217,230105
112Chesterfield4.49£735£196,551120
113Erewash4.49£813£217,513123
114North Northamptonshire4.49£951£253,942402
115Basildon4.46£1,362£366,761199
116Solihull4.46£1,243£334,462234
117Woking4.46£1,645£442,949122
118Great Yarmouth4.45£785£211,888110
119Braintree4.44£1,193£322,671212
120Wigan4.44£704£190,229395
121Wyre4.43£697£188,859175
122Bexley4.42£1,514£411,045231
123Cambridge4.42£1,772£481,479105
124Halton4.42£705£191,279121
125Worcester4.42£927£251,651139
126Chelmsford4.41£1,416£385,299201
127Enfield4.41£1,739£472,909203
128South Ribble4.38£766£209,771150
129Telford and Wrekin4.38£810£221,896175
130Arun4.37£1,196£328,186209
131Cheltenham4.37£1,196£328,108182
132Spelthorne4.37£1,612£442,711130
133Wyre Forest4.37£848£232,94895
134York4.37£1,130£310,053228
135Broxtowe4.36£958£263,615132
136Dudley4.36£830£228,539282
137Gedling4.36£878£241,564139
138Bracknell Forest4.35£1,446£398,748131
139Cherwell4.35£1,276£351,611168
140Canterbury4.32£1,217£337,932162
141Fylde4.32£830£230,296125
142Lewisham4.32£1,796£498,579239
143North Warwickshire4.32£942£261,81264
144Tonbridge and Malling4.32£1,448£402,610156
145West Northamptonshire4.32£1,053£292,443508
146Chorley4.31£749£208,434142
147Adur4.30£1,370£381,95772
148Ealing4.30£2,049£571,870208
149Isle of Wight4.30£892£249,164198
150Maidstone4.30£1,265£353,423179
151Redditch4.28£882£247,17687
152Rugby4.27£1,000£280,956139
153Cheshire West and Chester4.26£937£263,946452
154East Staffordshire4.26£805£226,663135
155Basingstoke and Deane4.25£1,298£366,471199
156Hounslow4.25£1,893£534,193163
157Fareham4.23£1,165£330,258161
158Havering4.22£1,553£441,691244
159Rotherham4.22£666£189,440266
160Trafford4.22£1,333£379,082232
161Bedford4.21£1,148£327,488170
162Havant4.19£1,113£319,028120
163High Peak4.19£873£249,885110
164Hinckley and Bosworth4.19£907£259,876162
165King's Lynn and West Norfolk4.19£909£260,430196
166Kirklees4.19£697£199,748417
167North Lincolnshire4.19£618£177,009200
168Wandsworth4.19£2,535£725,289406
169Ashford4.18£1,214£348,728151
170Cornwall4.18£987£283,595693
171Hammersmith and Fulham4.18£2,726£782,174150
172Stockport4.17£1,067£306,722348
173Bassetlaw4.13£710£206,472153
174Dacorum4.13£1,574£457,621182
175Westmorland and Furness4.13£771£223,999309
176Folkestone and Hythe4.12£1,080£314,443152
177Lewes4.12£1,273£371,221117
178Brent4.11£1,923£560,857139
179Cannock Chase4.11£810£236,253115
180Somerset4.11£960£279,959665
181Charnwood4.07£923£271,832224
182Haringey4.07£2,196£647,785205
183Central Bedfordshire4.06£1,205£355,896409
184Warrington4.06£858£253,333251
185Blaby4.05£951£282,008124
186Sutton4.05£1,524£451,550185
187Huntingdonshire4.03£1,024£304,741228
188Redbridge4.03£1,698£506,062174
189Newark and Sherwood4.01£778£232,933158
190Rother4.00£1,151£345,67479
191Amber Valley3.99£768£230,817159
192South Holland3.99£745£224,245112
193Stafford3.98£847£255,476170
194Welwyn Hatfield3.98£1,461£441,05392
195Dover3.97£941£284,459129
196Warwick3.97£1,220£368,321194
197Epping Forest3.96£1,750£529,669126
198Merton3.96£2,066£625,679184
199Breckland3.95£894£271,916197
200North Kesteven3.95£783£237,713148
201South Derbyshire3.95£847£257,526143
202Hertsmere3.94£1,775£540,092110
203Runnymede3.94£1,586£483,045107
204East Hertfordshire3.92£1,479£452,273166
205Reigate and Banstead3.92£1,600£489,784179
206Tunbridge Wells3.92£1,470£449,996119
207West Lancashire3.92£767£234,814153
208North Hertfordshire3.91£1,358£417,183195
209Castle Point3.90£1,210£372,06296
210Surrey Heath3.90£1,480£455,454104
211South Kesteven3.89£825£254,567182
212Waltham Forest3.89£1,731£534,171197
213Hillingdon3.86£1,529£474,971204
214Vale of White Horse3.86£1,306£405,830194
215Harrow3.85£1,732£539,935129
216Camden3.83£2,796£876,491178
217East Riding of Yorkshire3.83£692£217,090498
218West Lindsey3.83£681£213,508147
219New Forest3.82£1,225£384,918205
220Test Valley3.81£1,181£371,626150
221Wiltshire3.81£1,032£325,133610
222Bromley3.80£1,640£517,908372
223Horsham3.80£1,422£449,401162
224Northumberland3.80£651£205,472422
225Sevenoaks3.80£1,711£540,421131
226Wealden3.78£1,244£394,635175
227West Berkshire3.78£1,277£405,346169
228Kingston upon Thames3.77£1,829£582,720140
229Staffordshire Moorlands3.76£680£216,753109
230Mid Sussex3.75£1,377£440,620178
231Westminster3.74£3,221£1,032,469173
232Winchester3.74£1,445£463,821141
233East Lindsey3.73£660£212,057182
234Lichfield3.72£1,032£332,762143
235Barnet3.69£1,898£617,918289
236Cheshire East3.69£926£300,898551
237Teignbridge3.69£932£302,680168
238Guildford3.68£1,659£541,171146
239Mid Suffolk3.68£946£308,563126
240North East Derbyshire3.68£765£249,399112
241North Yorkshire3.68£832£271,045813
242Windsor and Maidenhead3.68£1,788£583,190166
243Rochford3.67£1,240£404,978117
244Dorset3.66£1,016£332,868515
245Brentwood3.65£1,587£521,32287
246South Cambridgeshire3.65£1,366£449,156176
247South Norfolk3.65£953£313,301185
248Tandridge3.65£1,559£512,73191
249Three Rivers3.65£1,793£589,240100
250Epsom and Ewell3.64£1,645£542,25078
251Rushcliffe3.64£1,021£337,030165
252South Staffordshire3.63£908£300,418128
253East Cambridgeshire3.61£1,041£346,162100
254Mid Devon3.60£867£289,05289
255Rutland3.60£945£315,16557
256North West Leicestershire3.58£850£285,090122
257St Albans3.58£1,883£631,657177
258Tewkesbury3.58£966£323,412105
259Broadland3.57£905£303,919177
260Hart3.54£1,374£466,131118
261North Devon3.52£851£290,363119
262Buckinghamshire3.50£1,404£481,566609
263West Oxfordshire3.50£1,269£435,498126
264Bromsgrove3.48£973£335,86899
265South Oxfordshire3.47£1,348£465,907161
266Wokingham3.47£1,458£503,683155
267Maldon3.46£1,113£386,24867
268Torridge3.46£776£268,77291
269Chichester3.44£1,296£451,965142
270Babergh3.43£939£328,244134
271West Devon3.42£822£288,67169
272Harborough3.40£939£331,619109
273Forest of Dean3.38£836£296,60893
274Herefordshire, County of3.37£808£288,018221
275East Suffolk3.36£801£285,939319
276Shropshire3.36£790£282,452356
277North Norfolk3.35£832£298,188134
278East Hampshire3.34£1,241£445,906147
279Stratford-on-Avon3.34£1,085£390,045184
280Wychavon3.34£917£329,111138
281Ribble Valley3.31£780£283,03695
282Mole Valley3.29£1,508£549,96382
283Stroud3.29£983£358,028124
284Richmond upon Thames3.28£2,230£815,686214
285South Hams3.26£985£362,977135
286Uttlesford3.26£1,283£471,642114
287Cotswold3.24£1,188£439,484135
288East Devon3.20£916£343,994194
289Kensington and Chelsea3.19£3,629£1,367,158143
290Waverley3.16£1,479£562,295160
291Malvern Hills3.14£892£341,29189
292Melton3.13£759£290,66276
293Elmbridge3.01£1,836£731,048159
294Derbyshire Dales2.54£752£355,69173
Download full table (CSV)

Regional breakdown

Regional breakdown available from March 2026 onward — earlier editions cover local authorities only. Regional rent figures were not published for this period, so no regional yields are shown; the full local-authority index above is unaffected.

Methodology

Formula: gross yield % = (average monthly rent × 12) ÷ average house price × 100

Sources: ONS (Price Index of Private Rents) (as at 22 July 2026); HM Land Registry (UK House Price Index) (as at 1 July 2026).

Coverage: 294 local authorities included, 0 excluded.

    Excluded: none

    Thin-LA handling

    An LA whose latest published monthly sales volume is below 50 is flagged thin.

    HM Land Registry itself warns that local-authority House Price Index averages are based on monthly sales volumes that can be small, which makes month-to-month movements volatile for lower-volume areas. Local authorities flagged 'thin' below are those whose latest published monthly sales volume falls under this index's suppression threshold. Read a thin-flagged figure with caution, and do not compare it directly against high-volume areas as if the two were equally stable measurements.

    Headline rankings

    Headline rankings (the highest and lowest tables) exclude local authorities flagged thin (low monthly sales volume); those areas appear in the full table below, flagged. A sort of the full table or CSV will therefore not reproduce the headline lists.

    What this index is — and is not

    The average rented property and the average sold property are not the same property. This index divides an aggregate rent series by an aggregate price series, so it measures the relative gross-yield attractiveness of an area — NOT an achievable return on any specific purchase.
    This is a GROSS yield: rent over price, before any costs. It models no voids, management, maintenance, tax, or finance, and forecasts nothing. It is a measurement, not investment advice.

    Revision policy

    Each published edition is immutable at its own URL and is never edited after release. Both inputs (ONS PIPR rent, HM Land Registry HPI price) are themselves revised at source after first publication. Where a prior edition's underlying figure is later revised, that revision is not applied retroactively — it appears in the NEXT edition, which shows the prior value alongside the current one and flags it as revised. Prior editions are never silently overwritten.

    Retrospective edition

    Retrospective editions are computed from the latest published data for each period — not the data as it stood at the time. ONS and HM Land Registry revise their figures, so a retrospective edition is not what would have been published then. Retrospective editions therefore carry no revision flags; revision tracking begins with the first live edition.

    Sources

    1. Derived: UKPP Rental Yield Index (ukppyield:*:gross_yield) — September 2025
    2. ← Rent input: ONS (Price Index of Private Rents), as at 22 July 2026
    3. ← Price input: HM Land Registry (UK House Price Index), as at 1 July 2026